Final answer:
The act that entitles an applicant to their property appraisal report is the Equal Credit Opportunity Act (ECOA). This act helps ensure fair lending practices and prohibits discrimination in the credit process.
Step-by-step explanation:
The act that entitles an applicant to their property appraisal report is the Equal Credit Opportunity Act (ECOA). Under the ECOA, lenders are required to provide applicants with a copy of their home appraisal report upon their request. This act ensures that all customers have access to the appraisal report that was used in the decision process of granting or denying credit. The ECOA aims to promote fair lending practices and prohibit discrimination based on race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.